Springwell vs Spenga Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Springwell vs Spenga including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$376,776 - $547,813 | $304,082 - $705,027 |
Franchise Fee |
$49,500 | $49,500 |
Royalty Fee |
- | - |
Advertising Fee |
- | - |
Year Founded |
2019 | 2015 |
Year Franchised |
2019 | 2015 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About Springwell
Springwell is a specialized medical fitness franchise. Our focus is on
helping individuals adopt a healthy lifestyle in a welcoming and
clinically supervised environment.
Springwell Exercise Clinic is on the cutting edge of the
healthcare and medical fitness industry. Become part of a holistic gym
that caters to individuals with chronic health issues.
Springwell Exercise Clinic was founded on specific core values which
have helped the brand.
Springwell takes fitness and business operations
to the next level and pushes franchisees to be the best they can be so
they can run their business more efficiently.
The total investment necessary to begin operation of a single franchised
Facility ranges from $376,776 to $497,813, including $54,500 that must
be paid to the franchisor or their affiliates.
The total investment necessary to operate multiple facilities under a
form of area development agreement depends on the number of franchises
the franchisor grants you the right to open. The total investment
necessary to enter into a development agreement for the right to develop
three Facilities is $426,776 to $547,813, which includes a $99,500
development fee that is paid to the franchisor and your total investment
to begin operation of your initial clinic. Under the area development
agreement, the initial development fee is calculated as follows: $69,500
for the right to develop two Facilities; $99,500 for the right to
develop three Facilities; or $29,500 per Facility if you are awarded the
right to develop four or more franchised Facilities.
About Spenga
Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45
in the U.S., including five locations to open in north Denver and the
Boulder area. More
than 54 million Americans are working out at boutique fitness studios,
which makes it the fastest growing sector of the fitness industry, Many of these active individuals are
getting multiple memberships at multiple facilities to get a
well-rounded workout. Our goal is to give members their fittest selves
without having to go to three different locations.
Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.
#253 in Franchise 500 for 2021. Not in Franchise 500 for 2020.